Swedish company’s valuation jumped 24% in 2024 as ‘buy now, pay later’ market is projected to top $160bn by 2032
The Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in 2024 as the “buy now, pay later” (BNPL) pioneer made public its filing for a much-anticipated US stock market listing.
The company, which reshaped online shopping through its short-term financing model, drew investor attention as its valuation soared from $5.5bn to $46.5bn in just two years, fueled by three funding rounds between mid-2020 and 2021.
About Author
More Stories
Tesla tells US government Trump trade war could ‘harm’ EV companies
China criticises Hong Kong firm’s sale of majority stake in Panama ports
Pokémon Go maker to sell games to Saudi-owned company for $3.5bn